Bank of Japan, Minutes January 26, 2018

The Minutes of the Monetary Policy Meeting on December 20 and 21, 2017 and released by the Bank of Japan (BoJ) on January 26, 2018. You can download the minutes (in pdf format) at the end of the article.

The Bank of Japan has decided and made public its organizational principles, which constitute a set of fundamental values to be respected by the Bank, as the central bank of Japan. The officers and employees of the Bank are to keep these principles in mind at all times in the conduct of business operations. The Bank will maintain public confidence through the appropriate conduct of its policies and business operations in accordance with the organizational principles:

Public interest, the Bank shall promote the public interest by fulfilling the core purposes stipulated in the Bank of Japan Act.

Transparency, BoJ shall demonstrate proper accountability in its policies and business operations via its various external networks.

Excellence, the Bank of Japan shall pursue excellence in central banking services, responding sufficiently to changes in its environment.

Integrity, BoJ shall ensure integrity in the execution of duties by each and every officer and employee, requiring that they uphold high standards of morality.

Effectiveness and Efficiency, the Bank shall make effective and efficient use of management resources in its conduct of business operations and organizational management.

Meeting minutes are important. They capture the essential information of a meeting – decisions and assigned actions. They keep attendees on track by reminding them of their role in a project and clearly define what happened in a group session.

What most people don’t know is that meeting minutes shouldn’t be an exact recording of everything that happened during a session. Minutes are meant to record basic information such as the actions assigned and decisions made. Then, they can be saved and used for reference or background material for future meetings.

If you are interested, you can find all the previous Outlook reports, the Summary of Opinions and the Minutes on the Bank of Japan. You find also the Schedule 2018. You can check the meetings scheduled for 2018 of the world's leading Central Banks and the last Central Banks reports.

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